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Ministry opposes captive iron ore mining by steel producers
THE Ministry of Mines has represented to the Government that it is opposed to, as a matter of principle, the proposals of captive iron ore mining by steel manufacturers. It has contended that this leads to an element of subsidy through ...
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VSNL residual stake sale hits snag — Govt may put off divestment as Rs 1000-cr land issue hangs in mid air
The Government's interest is at stake because the due date for the Tatas to exercise its call option for acquiring residual stake is February 12.
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Drug cos may not have to swallow a bitter tax pill — New policy may prescribe sops for filing patents, clinical trials
The apex ministry for pharmaceuticals has recommended that tax sops given to drug companies be broadbased to include, among other things, expenses incurred on filing patents or during clinical trials. Filing patents abroad in developed markets ...
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Can't rent them? Own them!
IT companies see value in in-house accommodation for clients
LONG commuting time within the city, unavailability of hotel rooms and exorbitant room charges may soon be a thing of the past for foreign clients who come calling on IT companies in India, as infotech firms are beginning to see value in having ...
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`Policy booster vital for hardware sector growth'
CAUTIONING against a possible $50-billion demand-supply gap in electronic hardware by 2009-10, the hardware industry has asked the Government for income-tax exemption for five years to encourage investments in manufacturing. It has also sought ...
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Cognizant bullish on media, entertainment
According to PwC Global, the global media and entertainment industry revenues are poised to increase to $1.4 trillion by 2007, registering a CAGR of 4.8 per cent over five years.
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Global cos keen on outsourcing more R&D jobs to India: Survey
About 14% plan to outsource entire business process
Global firms have comprehensively voted in favour of offshoring assignments to India over other emerging destinations such as Eastern Europe and China during the next three years. Going forward, the Indian offshoring pie is also slated to ...
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Lower liquidity, higher volatility likely
IT is hard to keep a performing market down. The Indian stock market seems to have overcome the concerns about overvaluations. Through 2005, the market has progressed to scale new heights. Looking back, one realises how short-lived the ...
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THE YEAR THAT WAS
FIIs find India hot ... for good reason
THE year 2005 has been a remarkable year for stock markets — the indices scaled new peaks, the foreign inflows crossed an eye-popping $10.57 billion (crossing the $10-billion mark for the first time in a calendar) and a record number of ...
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